Preakness Betting Plummets

For the third time in the past five years, the Kentucky Derby champ will not run in the Preakness Stakes.

It's unfortunate for fans to not be able to root on a Triple Crown bid, but it's a massive financial blow to the bookmakers taking bets on Saturday's race.

BetOnline.ag reported that the Preakness Stakes handle is down 20 percent compared to the Kentucky Derby handle at this same time of the week. The global racebook said that the money wagered depreciation will likely be even higher come Saturday.

"It's frustrating that we're seeing this 'load management' so to speak with horse racing nowadays," BetOnline Brand Manager Dave Mason said. "Sports fans and gamblers who aren't regular racing fans are going to tune it to watch and bet on a Triple Crown contender. But we'll probably see 30%-40% less action for this year's Preakness without Sovereignty in the field."

Below you'll find the latest odds and information from BetOnline for the Preakness Stakes, Blacked Eyes Susan Stakes and Miss Preakness Stakes.

Top 2 Liabilities

1. Goal Oriented

2. Pay Billy

Top 3 Most Bet (Money Count)

1. Journalism

2. Goal Oriented

3. Sandman

Top 3 Most Bet (Bet Count)

1. Journalism

2. Goal Oriented

3. American Promise

Preakness Stakes

Journalism                    1/1

River Thames                6/1

Goal Oriented               7/1

Sandman                      7/1

Clever Again                  7/1

American Promise         16/1

Heart of Honor              22/1

Gosger                          25/1

Pay Billy                        50/1

Blacked Eyed Susan Stakes 

Margies Intention         5/2       

Runnin N Gunnin           9/2       

Paris Lily                       9/2       

Amarth                         11/2     

Reply                            15/2     

Liam In The Dust           9/1       

Kinzie Queen                 9/1       

Princess Aliyah             18/1     

Moon Cache                 28/1     

Miss Preakness Stakes

Echo Sound                   16/5     

GWs Girl                       4/1       

Stunner                        4/1       

Vodka With A Twist       8/1       

Family                          8/1       

Long Neck Paula            8/1       

Mila Rose                      18/1     

High Paf                        18/1     

Youll Be Back                20/1     

Volleyballprincess         20/1     

Delray                           20/1     

Hollygrove                    22/1     

Not Too Late                 33/1